In October 2023, the average scrap car price witnessed a decline to £270, marking the sixth consecutive month of diminishing values. Despite a 2% reduction compared to September, amounting to a £6 drop, there’s an opportunity for car owners to maximise their returns. The average age of scrapped cars in October stood at 16 years, according to Car Take Back.
Top Cars Scrapped in October
Among the frequently scrapped cars, the Ford Focus led the list, experiencing a 10% decrease from £311 to £297. Notably, the Ford Fiesta defied the trend, recording a substantial 10% increase, reaching an average scrap value of £282 in October. This surge translates to an additional £25 for Ford Fiesta owners.
Monthly Changes in Scrap Car Values
Ford Focus: £311 (September) → £297 (October) -10%
Vauxhall Corsa: £242 (September) → £234 (October) -3%
Ford Fiesta: £257 (September) → £282 (October) 10%
Vauxhall Astra: £271 (September) → £256 (October) -6%
Vauxhall Zafira: £325 (September) → £316 (October) -3%
This comprehensive report provides a detailed overview of the evolving scrap car landscape, offering valuable insights for car owners and industry observers alike.
About the CarTakeBack Scrap Car Price Index
The CarTakeBack Scrap Car Price Index is a dynamic monthly indicator spanning the last 13 months. It’s regularly updated using scrap car prices from CarTakeBack recycling centres across the UK. Considering the diverse factors influencing scrap values, such as demand for metal and reusable parts, make, model, age, weight, condition, and location, the index provides valuable insights into the fluctuating value of scrap cars.